Baidu’s AI Chip Unit Kunlunxin Plans Hong Kong IPO with $50 Billion Valuation
According to The Information, published on Sunday, Baidu’s Artificial Intelligence (AI) chip unit, Kunlunxin, is preparing for an initial public offering (IPO) in Hong Kong with a projected valuation of $50 billion. In an uncommon approach, the company has requested that prospective investors not only express interest but also commit to purchasing its semiconductors, as reported by The Information. While Reuters attempted to verify this information independently, no confirmation was available.
The story continues at The Next Web.